Cameroon's cybersecurity insurance market is expanding rapidly, with over 1,200 policies issued in 2026, mainly targeting financial, telecom, and government sectors. The market value has reached approximately 85 million USD, reflecting increased awareness of cyber threats and the need for risk mitigation. Small and medium enterprises are increasingly adopting cybersecurity measures, though overall penetration remains modest at 15%. Rising incidents underline the urgent demand for comprehensive cyber protection strategies.
The frequency of cybersecurity incidents continues to grow, averaging 45 per month, which emphasizes the importance of cybersecurity insurance for businesses. As Cameroon modernizes its digital infrastructure, the government and private sector are investing more in cybersecurity solutions. Despite challenges, market growth is expected to accelerate with more local insurers entering the space and digital transformation efforts expanding across industries.